Yes, as 2% of the small gathering controls 80-90% of the coins, the 2% must sell, in order that bitcoin phase-change from creation, to feudalism, to democracy.
Since creation 2008, bitcoin had to and did transition to current state, of advanced feudalism, and Creator willing, pricing rises, 2% encourage to <<unload>> some, so that more can engage, thus democratic.
With btc, we might be witnessing not a ballyhoo idea expressed as a bubble, but an insurrection, a struggle between classic good and biblical evil, thriftiness vs fiat, etc etc
People are voting thumbs up- / down- as we deliberate, and goodness is getting distributed, else the bubble cannot possibly get big, bigger, and biggest, once per several generation, a trade of the century.
IMO, bitcoin engagement is not a question of "if", but of "how much"
As the 2% <<unload>>, more will have engaged, increasing buy-in as well as liquidity, and deepening capacity store for potential energy, and
as regulations are put in place, likely at on- / off-ramps, and not much to do w/ the codes, institutions can gather more tightly, to front-run the next eager crowd of retail believers.
Those who choose to buy now are not only front-running the true retail to come, but the institutions gearing up.
Above be one possibility, and explanation.
BTC is a pure cerebral creation, a protocol of genius, monetary poetry, and change-catalyst of history.
BTC is QuickerGold, MoreGold, BetterGold, and BitGold. Since my engagement w/ the faith the gains allows me, if realised, to increase my gold by ~10%, and that is material to me. I shall struggle to hold steady until, say, I can expand my gold by 100%.
It is no longer a question of "why not just buy bitcoins?", but "why would anyone sell bitcoins?"
or just a bubble, as were every other bubble, including all fiat money, per nature of money, that <<Money is Memory>> Message 33111893
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